These days websites, newspapers, malls and retail outlets are all flooded with offers for customers. Real estate developers, too, are part of the festival season offers. In the past few years, home sales have been low, even during the festive seasons. According to PropEquity, a real estate research and analysis firm, sales have gradually reduced during the fourth quarter (Q4) of a calendar year across the country in the past 5 years. For instance, in Delhi National Capital Region (NCR), 24,232 units were sold in Q4 2012, compared to 7,916 in the same period last year, a drop of about 67%. In Mumbai Metropolitan Region (MMR), sales were down by about 39% from 25,402 units to 15,523 sold in the same period. Bengaluru, Chennai, Hyderabad, and Kolkata sales were down by 44%, 33%, 60%, and 22% respectively.
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